Statement Summary
The Securities and Exchange Commission (SEC) has instituted proceedings against Sharing Economy International Inc. under Section 12(j) of the Securities Exchange Act of 1934.
Following a status report on March 26, 2025, a schedule was set for the anticipated motion for summary disposition regarding the case. The Division will file its motion by July 31, 2025, with the Respondent required to respond by September 2, 2025, and the Division providing a reply by October 2, 2025.
The rules stipulate that summary disposition is applicable when there are no genuine material fact issues. Compliance is vital, as neglecting this order may lead to default or case dismissal. The parties are reminded of the necessary electronic filing and service requirements for documentation with the Commission.
Original Statement
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 103028 / May 13, 2025
Admin. Proc. File No. 3-22248
In the Matter of
SHARING ECONOMY INTERNATIONAL INC.
SCHEDULING ORDER
On October 15, 2024, the Securities and Exchange Commission issued an order instituting proceedings against SHARING ECONOMY INTERNATIONAL INC. (“Respondent”) under Section 12(j) of the Securities Exchange Act of 1934. On March 26, 2025, the Division filed a status report stating that it anticipated filing a motion for summary disposition on or before July 31, 2025.
Accordingly, IT IS ORDERED that the Division shall file its motion for summary disposition by July 31, 2025; Respondent shall file its response to the Division’s motion by September 2, 2025; and the Division shall file any reply brief by October 2, 2025.
Summary Disposition Rules
Rule 250(b) provides that summary disposition is appropriate if “there is no genuine issue with regard to any material fact and . . . the movant is entitled to summary disposition as a matter of law.” A party opposing a motion for summary disposition should:
- Specify in its brief the basis for that opposition.
- Identify with particularity the material factual issues in dispute.
- Address relevant Commission precedent.
A party’s failure to comply with this order may result in, among other things, the Commission’s deeming that party to be in default or dismissing the proceeding.
The parties’ attention is directed to the e-filing requirements in the Rules of Practice.
We also remind the parties that any document filed with the Commission must be served upon all participants in the proceeding and be accompanied by a certificate of service.
Filing Procedures
Filing a document through the Commission’s electronic filing system does not serve it on the opposing party. Nor does serving a document on an opposing party file it with the Commission.
For the Commission, by the Office of the General Counsel, pursuant to delegated authority.
Vanessa A. Countryman
Secretary
